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Conserving hydrocarbons would save $438 billion

ITHACA, N.Y. -- Just as low-carbohydrate diets are trimming the American waistline, more judicious use of hydrocarbon-based fossil fuels would reduce U.S. energy consumption by 33 percent and save consumers $438 billion a year by 2014, according to an analysis by Cornell University ecologists.

David Pimentel, Cornell professor of ecology, and 11 student ecologists found the most fat for trimming -- with the best potential for major energy savings -- in the transportation, residential heating and cooling, industrial and food-production sectors. Energy conservation and implementation of energy-efficient technologies also would allow significant savings in the production and use of chemicals, paper and lumber, household appliances, lighting and metals, the analysis showed. Their report on "U.S. Energy Conservation and Efficiency: Benefits and Costs" is in the latest issue of the journal Environment, Development, and Sustainability (Vol. #6, Issue 3-4).

American taxpayers could save an estimated $39 billion a year by insisting that the government end subsidies to the energy industries, according to Pimentel. He adds: "The next time you're pumping gas or paying the heating bill, ponder this: As high as fuel prices are in this country, they would be even higher without government subsidies to prop up the industry. Instead of paying at the pump, every American family is paying about $410 in taxes each year for subsidies that keep gasoline prices and other energy product prices artificially low. This policy encourages greater consumption and importation of more oil and natural gas. Ending subsidies and pricing energy at its true cost would stimulate the use of conservation and energy-efficient technologies, and result in net savings."

The analysis was performed in a yearlong, graduate-level class called Environmental Policy in which students, under Pimentel's direction, investigate complex environmental issues by compiling previously published studies
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Contact: Roger Segelken
hrs2@cornell.edu
607-255-9736
Cornell University News Service
24-May-2004


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